12 January 2012
Babcock International Group PLC (Babcock)
Babcock awarded Devon County Council Schools contract
Babcock has been selected by Devon County Council (DCC) as the preferred bidder for its new seven year contract to deliver education and inclusion support and improvement services to schools in Devon. Following this announcement, there will be a mandatory 10 day standstill period before final contract award. The contract is expected to become operational in April 2012.
The contract is estimated to be worth in the order of £125 million over the period and will be operated through a new partnership between Babcock and DCC. Babcock will own 80.1% of the new entity.
The key services being delivered under the contract are:
· School Improvement
· Inclusion Services and Learner Support
· Curriculum Enrichment
· Workforce Training and Development
· Business Management and Resources
Peter Rogers, Chief Executive of Babcock, commented:
"We are delighted to have been chosen by Devon County Council as preferred bidder for this contract which reflects our proven track record of delivering improved educational standards. We look forward to working in partnership with DCC to ensure the delivery of efficient and value for money educational and inclusion support and improvement services."
Babcock International Group PLC
Peter Rogers, Chief Executive Tel: 020 7355 5300
Bill Tame, Finance Director
Terri Wright, Head of Investor Relations
Andrew Lorenz Tel: 020 7269 7291